November 2 was a strong day for the market as the Sensex rallied 580 points and Nifty 50 surpassed critical resistance of 10,450 levels and closed a tad above 10,550. Sharp recovery in the rupee, fall in crude oil prices and rising hope of trade negotiations between the world's largest economies US and China boosted investor sentiments.

After decisively surpassing near-term hurdle of 10,450 levels, the index could be heading towards the next critical resistance of 10,700 levels followed by consolidation, according to experts.

Falling VIX from last three sessions suggests some bullish price setup but VIX has to go down below 17-16 zones to confirm the short term reversal and a decent bounce back after the sharp cut of last two months.

According to Pivot charts, the key support level is placed at 10,471.47, followed by 10,389.93. If the index starts moving upwards, key resistance levels to watch out are 10,620.77 and then 10,688.53.

The Nifty Bank index closed at 25,701.65, up 378 points on Friday. The important Pivot level, which will act as crucial support for the index, is placed at 25,515.2, followed by 25,328.7. On the upside, key resistance levels are placed at 25,872.2, followed by 26,042.7.

In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com/CNBC-TV18 are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.​